Trade deal opens new markets

By: Regina Wright ~Staff Writer~ Negotiations that began in President Barack Obama’s first term for the Trans-Pacific Partnership (TPP) have reached a final agreement among all 12 nations involved in the partnership. Brunei, Chile, New Zealand and Singapore formed the trade agreement in 2006. Later, Australia, Canada, Japan, Malaysia, Mexico, Peru, Vietnam and the U.S. joined in the proposal of a trade agreement between these Pacific Rim countries. Together, these countries account for 40 percent of the world’s economy. TPP would decrease export tariffs and import quotas, making it less expensive for businesses to export and import from the other … Continue reading Trade deal opens new markets